"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824

Friday, November 30, 2012

Quite interested to see how they resolve the FC issue. Also want to see if they really pulled Greece off or not. They've gone from dodging knives and arrows to sidestepping nukes. One slip and ........

So we get to spend another day waiting on the next soundbite to charge the market in one way or another. Funny, as bad as it is, as awful as the situation can be, the markets are charging ahead knowing that the cliff will not be breached. No matter the negative future consequences of whatever impractical solution they come up with, as long as they are solvent in the near term is all that matters. Short minded? You betcha.

If you are one of the few not conditioned to praise added debt in the name of future progress, you may need to be admitted to a reeducation center. You are not properly processing thoughts in line with the state as you should. You see there is a new sheriff in town and he's a socialist. Well, not a new sheriff, but one that is looking to expand his current power base to totally control everything.

See Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus. "The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said." The dude wants to be all powerful. He wants to eliminate all competition. He wants to fully implement the welfare state to cement his third term appointment.

Thursday, November 29, 2012

Investors are being held hostage to the fiscal cliff discussions. Slaves to the system is all investors really are right now. They control nothing and are simply riding the tides in and out. When the individual investor lost was when investors as a group lost the ability to change the tide.

Being held hostage to discussions is nothing new in the market. Talk is cheap and that is all you get these days. They use rhetoric to drive the belief that all will be well and there is always a solution. They have conditioned us to believe that things can't go wrong and the government will always be there to solve the problem. From Draghi to Evans, Geitner to Boehner, Potter to Hilsenrath, they all pontificate and promise what will never be delivered, but the markets believe and push forward anyway.

The backstop is the Fed. You see, even the government knows it is full of shit and can rely on the printing press to bail it out. Trillion dollar deficits are nothing now. Back in 2008 a trillion was an enormous number. When we used to speak in billions it would rattle the markets, now billions have become pocket change.

Wednesday, November 28, 2012

So congress is back in session, and we sit and wait on a bunch of bought and paid for bureaucrats to decide how to handle this mess they got us in. How do you think this is gonna turn out?

I should really stop the discussion there as we all know this time will not be any different than any in the past. They will bitch and moan, put on the dog and pony show for each side and in the end wind up raising the debt ceiling yet again without constructively doing anything to reduce debt. You know, reducing the debt to zero by 2070 and increasing spending in the current session really is not a solution. Pushing the debt issue four years down the road to the next administration is all they will try to do. Rinse/repeat.

Tuesday, November 27, 2012

Does anything matter anymore? About a year and a half ago I threw in the towel. That was when I finally figured out that all hope was lost sans revolution. What sort of f'd up world do we live in where only perception matters, reality does not exist and as long as we all get our free iAnythings all is good?

This place is no better than a pile of horse dung. The crony parasitic capitalists have successfully destroyed their host. Dumb ass greedy mofos did not know when to stop. Rape is never good, but they've basically run out of lube and are basically committing necrophilia to the nation at this point. We're the walking dead. Debt has killed us and as we speak we're getting ready to take even more on to save the nation. Now that's funny.......We're so friggin stupid.

We're done. We are toast. There is no hope left. BS Shanky, there is always hope. Uh, nope, there is no hope unless we decide to take this country back from the bought and paid for government, the military industrial complex and the special interest groups that control everything. Care to tell me how that's gonna work out as they plan to take our guns, put up even more surveillance devices and launch drones to track our every move? Have you not figured out that we the sheeple are now terrorists is our own country?

Monday, November 26, 2012

With Thanksgiving and a not so hot Black Friday behind us, it is time to start looking towards Christmas. Greece and the Fiscal Cliff are the major problems on the table right now alongside massive global unrest.

There is really not much to add or say this morning other than the normal fraud, manipulation, scam, trash, BS that is normally out there. The government must deal with the FC issue front and center now. It appears there is no doubt that the debt ceiling will be raised and the crisis will be averted. What they are doing in DC is anyone's guess. The lack of news and bickering that came with the last few debt ceiling instances leads me to believe most hands have been thrown in the air in disgust and they are all just waiting on the big check to be written.

What is different is that the economy is worsening and all the stimulus poured in has done little is any good other than giving the appearance that things have stabilized. The markets appear to finally be growing weary of the debt issue and the simple addition of more stimulus does not hold the promise it once did. The markets also appear to not believe the BS from the BLS anymore.

Wednesday, November 21, 2012

Happy Thanksgiving to all. I'm not gonna rail this year. I'm gonna show some vids and give you one chart. I'd love to rant (one of my favorites) on the expanding welfare state, and how the pilgrims, the first here, that proved that each must work and produce for the whole to thrive, but I will refrain.

First I would like for you to watch this BBC series on the history of Jerusalem so we all can gain a deeper understanding of the history of the Holy Land.

And then watch this video that under covers a more ruthless plan of world domination and wars designed to expand the power of the elites using the Holy Land as bait to enter the next world war (for their benefit of course).

As for your chart, the traditional STB turkey. Probably more symbolical this year than in any before.

Happy Thanksgiving to all. Enjoy this one. I'm not sure the next will be all that joyful.

Pretty much everyone here can see thru the smoke. For years I've kept you well versed in the "math will never work" Greece is a total train wreck scenario. So, why do they extend and pretend? Why do they continue to act like they can actually salvage something from this situation? Why do they continue to throw good fiat (what used to be good money, that's all gone now) down the hole? If you get the dynamics of any of that let me know? Other than pure delusionalism, raw insanity, greed or some sort of self righteous power trip I really done get it.

This is the first Turkey Day in the past four that a bankster holiday is not being discussed front and center. If the zombie banks are still alive at this time next year I will be surprised.

Hamas could not keep their hands to themselves or Israel false flagged them to keep the conflict going.

Minis Daily - Channeling down with two potential STB points above at 00 and bellow at 41 on the 27th.

Well, when it is painfully obvious there is only one path and that QEternity has been laid on the table, why not? Sure would make things easy in DC. Now as for how the markets and the rest of the globe would react to this is anyone's guess? Let me take a stab at it, the world's most dominant military power decided it can print all the money it wants out of thin air at any time it wants cause it can would not go over very well.

The idiocy behind this idea is not one of those things that will turn out to be brilliance. This would rank right up there with the founding of the Fed and the elimination of the gold standard as one of the most idiotic decisions in US history. Actually it is the natural progression of policies because of the last two idiotic decisions. It is the end game scenario.

Friday, November 16, 2012

What a week. Wars, cliffs, FOMC, eclipse, affairs and the death of the Twinkie; not sure you could cram much else into that.

We all need to be thankful that we got Obummer back as president. I mean the man has done such a great job. His foreign affairs policies are just tremendous. With that his running trillion dollar deficits all four years of his presidency he has spent this nation back to prosperity. Heck, they ran $120 billion in the hole just last month (I'm positive Sandy had a lot to do with that). He's done such a good job that we now have lost Hostess and their 18,000 jobs (let's not go into the solar thingy), the post office is bust (and this), companies are laying off workers or charging more cause of Ocare, and .... well, let's just stop there for now.

Thursday, November 15, 2012

So, did we get an STB catalyst yesterday? "The Israeli army said 156 targets were hit in Gaza, 126 of them rocket launchers. It said 200 rockets had struck Israel since the start of the operation, 135 of them since midnight." (War looms after Hamas rocket kills three Israelis) Sounds like a catalyst to me.

Remember I think the catalyst will lead to an "event" that is out of the Fed's control. The Fed nor our government control any of this. If this were anywhere other than Israel I would not be as concerned. Scuffles in MENA are common, and with tensions rising across the region and Israels quick and deadly response this may be more than a firefight. These things can get drawn out and hopefully they stop all aggression here, but that is highly unlikely. I believe the fuse is lit and "Operation Mushroom Cloud" or whatever the name is has a pretty dire and ominous ring to it.

Wednesday, November 14, 2012

The world is crumbling but the markets do not care. Money and the money makers, that is what it is all about on Wall St. and in DC, screw the rest. I got news for you dear reader, the ship is going down and they are taking all the lifeboats.

Now, before you sign that petition you need to know the following. IF the globalists win, your signature on that petition might as well be your reservation to a FEMA center or reeducation camp (yes, those places are real). You may as well be walking up to the front desk and saying, "Hi, I'm a patriot and lover of liberty. Will you please add me to the terrorist list. You can put my name right by the al Qaeda leaders." No fly lists, DHS detention centers, you name it, your lovely government running the new nanny state will make sure you get your extra fluoride and lithium next week after they take your guns of course.

Well, with the fireworks in congress about to begin over the fiscal gorge I suspect the markets will be eagerly anticipating more stimulus. Why would the story change when they have no other options? We all know, as Czar O has decreed, we will print more. How else do you fund a socialist agenda that needs to feed and clothe its ever expanding voting base?

The big question is how much fight is left in the GOP? Funny to think that we the sheeple have to rely on one crooked side of the government over the other, but that is the case. I'm positive at the 11th hour as always some sort of agreement will be made. It will combine yet another increase in the debt ceiling and some sort of spending cuts spread out over the next century starting in 2070 or later. Bottom line, all the bullshit you are about to witness will mean nothing in the long run and more debt in the short run. Remember the Super Congress? LOL, expect more of the SSDD.

Monday, November 12, 2012

Think about this for a second, what will Veterans Day represent in say 10 years when the socialists have taken over this nation and democracy has been destroyed? The nation just barely chose socialism over democracy in the last election. They chose the free ride over personal accomplishment. That is what America now represents. We just effectively voted every right given to us by the Constitution away. Welcome to the USSA.

To be honest, you had no clear path in the election as both puppets would have served the military industrial complex and the banksters. At least under Romney the path to so socialism may have been curtailed a bit. Under Ron Paul it would have been stopped in its tracks, but that is immaterial at this point (as apparently any hope for restoring our liberty at this time).

Please tell me what have the millions that have fought, sacrificed and died for our freedom have accomplished? Was it worth it? Would they have had second thoughts? Would they have put their lives on the line so a welfare state with unlimited government control could be our future? Would they have fought for a police state where national ID cards, chips, drones or a multitude of other surveillance methods can be implemented so you can be tracked every waking moment? Would they have fought for all their wealth and future wealth generated could be transferred to the government? I don't think so.

How do you think the current veterans feel about being labeled by the DHS as potential terrorists? Is this the pot calling the kettle black? Thanks a friggin lot for your service protecting this nation, we appreciate it, but you are scum to us now.

Bottom line is who is threatened by these so called 'terrorists', you or the government? Do you feel threatened by the man or woman living next door to you or sitting near you in a restaurant that just returned from or formerly put their life on the line for your freedom? I get it that they have PTSD or worse and could go off any moment, but that is not what we are talking about here.

I suggest you read Homeland Security Report Lists ‘Liberty Lovers’ As Terrorists and think long and hard about where you are personally as an American. Where do you stand? What are you going to do when they come to your door and ask for your guns? What type of country will you leave for your children and generations to come?

This country drastically changed for the worse after 9/11 and the Patriot Act. That was the moment we the people lost everything. That was the moment that the al-qaeda became a government ally in the fight against US citizens. Sound crazy? Not really, how many terrorist lists do you qualify for? Do you have enough food in your home where you can survive for more than seven days? Check. Did you pay for a cup of coffee with cash this morning? Check. Do you own a gun? Check. Do you support the Constitution and liberty? Check. Do you write a blog that stresses liberty, free thinking, American ideals, supporting freedom, limited government and is not afraid to bitch slap the government displaying its right to free speech every day? Check mate. (my Google searches this morning probably have red lights flashing all over the DHS right now)

How fucking stupid are we? We allowed all of this to happen. We the billions elect and allow these assholes to fuck everything up? Just over half of us voted for socialism! Ah, yes, the free ride and the nanny state will protect us all delivering everything we need anytime we want it. Ignorant fucks.

Friday, November 9, 2012

You know the drill, share the love and the knowledge while we still can.

Not sure what to say this weekend. Y'all can cover a lot of ground from election results and the impending totalitarian state to the fiscal gorge and the looming debt default. Pick your poison, what a great country we live in. So many choices!

I'll have to digest the charts to see what sort of action I think will be coming our way. The minis made it to 1374, closed on it so it may be time for a breather. the HnS I have been looking at the past few weeks targets around 1335 and the next major support point is 1341. Not sure if it gets there, worse or corrects from here. I guess that all depends on what Benny and friends want right now. Anyway, I'll consult the charts and see what they have to say and let you know Monday.

Well, are we culminating? Is this the final chapter? If not we're winding down the book and nearing the end. The dreamers look to the last stack of pages with great anticipation thinking that the hero (government) is going to pull us out of this hole and all will be well. The realists eagerly anticipate the government failing and the destruction of the global financial system.

The sequels? The dreamers sequel will look more like Orwell's 1984 where after the great stick save the US government had to sell out to the UN. Global government is installed. Everyone works for the state and all freedoms have been lost. It is a cold impersonal world ruled by the few elite and their corporate monopolies. It will be a worthless place to live in.

The realist scenario is much more exciting. The government's failure brings on revolution and change righting the ship taking the country back to its constitutional roots. Battles are won and lost (think Red Dawn with our army as the enemy), blood is shed and new leaders rise that resemble our great forefathers. The country is reborn and we take our deserved and rightful spot atop the globe as the greatest nation on earth.

You all know by far how I want this book to end and which sequel I want be a part of next. For now I will leave out the biblical and scientific scenarios. This Book has already been written. If you have not read it lately, I suggest you get a copy and keep it close. The antichrist is real and may be among us. The polar shifts ARE and have been happening for a half century (actually moving faster than ever). The universe and our world is changing. Mass animal deaths all over, earthquakes, famine, great storms, all the signs are present and increasing in frequency. (extraterrestrial existence anyone?)

These last few chapters have been discussed in earnest every day here at STB for years now. The story has become beyond tolerable as over and over and over again has the Fed bailed out the corrupt nation and kept it alive when it should have collapsed years ago.

The two main forms of life support have only increased the internal disintegration of the system and made any recovery impossible. QE has given false hope and only created an illusion that all is well, and with every step towards the end the desperation to save power has only intensified and expanded the corruption that is wrought throughout the system.

There is only one way this (earthly) book can end. The people must rebel against the elite in control and take power back and restore the constitution. Most here realize that the nation is right where they want it. Split in two. Until we can unite, there is little to no hope of ever turning this thing around and restoring our great nation. The expansion of the welfare state must be reversed or we will have lost.

The fiscal gorge is real. We all know that. We discussed its coming so much over the past few years we got tired of talking about it. It is old news. Let's get this thing over with already. To those that think this is new news, are surprised and can't figure out how we got here, I suggest you go back to the beginning of this blog over three years ago and start reading from the start.

Or you can listen to the man we should have elected as president, Ron Paul: "Pure Democracy Is Dangerous"... When It's Purchased. His not being elected will be considered the greatest "whiff" in our political history (twice!). "the reelection of Obama is driven simply by 'the people' being on the 'receiving end' of government benefits and that the US is "so far gone; we're over the cliff already."" Can I get an Amen!

Thursday, November 8, 2012

At this point we're so far down the rabbit hole nothing matters much anymore. It is funny to hear the MSM regurgitate what they are told to say as they worship every word that dribbles from the 'brightest' economic minds of the day. Short minded, owned, ignorant, uneducated, lazy, egotistical, trustful, pick your adjective for the pompom waiving crowd. All they accomplish is printing trash that misleads the sheeple into believing all is well.

Hell, as long as the government is spending like there is no tomorrow (no pun intended) what could go wrong? We're all good. O is gonna be here to support the spending for another four years (no pun intended). As long as the government keeps on printing all is well. What's the problem? It has been proven that with modern technology that money can be created via the clever use of 1's and 0's in a computer. All we have to do is hit CTRL+P and we're all good.

Wednesday, November 7, 2012

I think I will sum all my thoughts and emotions into one sentence - you better get right with God and fast. The immigrant socialist Marxist that wears the ring that says no god before Allah just won the presidency walking away. The man who skips over the word Creator when quoting the Constitution is in control. Either way you were gonna have a Mormon or a Muslim running the show. God has been removed from the equation now.

We all knew coming into the election that both candidates were basically the same. We all know that the P in POTUS stands for puppet now, so who won (whether predetermined or not) really makes no difference in the long run. Maybe the P should be replaced with a C, as in Czar? Bottom line is God has been removed from the equation and this clears the way for our disastrous future.

Monday, November 5, 2012

I'm just gonna sling some stuff at you, If anything sticks that will be good - I'll do you a favor and avoid the election talk. I said my peace yesterday morning. You all clearly know what I think. If the wrong man is elected I may implode tomorrow morning. If the other (not right, there is no right in this case, but other) man is elected I'm sure I will implode before too long anyway. STB places the odds of something really screwy happening with the vote very high.

I enjoyed Guest Post: Will A Prophet Assume Command?. My immediate counter to this would center around an antichrist and the lack of any available prophets at this time. Hell, we can't even find a suitable candidate for president. Where are we exactly supposed to pull a prophet out of? Those based in fact and reality will enjoy this post.

Probably not much gonna happen in the markets till Wednesday. No telling what could blow up between now and then (literally if MR wins and O is put on the street - rightfully so IMHO). Funny to read all the crap about if MR wins this and if O wins that. We all know the bottom line. We all know that the banksters control literally everything, and it really does not matter who is president. They are gonna do what the heck they want, when they want and how they want till they see fit no matter who "the most powerful man in the world" is.

Bottom line is till our bought and paid for government grows a set, we're all slaves to the banking cartel. The last time someone dared stand up to the Fed was in 1963 and we all know how that ended for JFK. What does the presidency mean today? Where did we lose it as a nation? Watch these two videos.

This is where we lost it all. this is where we as citizens failed. "Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."

Friday, November 2, 2012

Thanks for another great week on the blog. You all were terrific as always.

I really don't have much to say. I ranted a bit this morning and got the bad stuff out of my system (for now). I don't really think I'll have many LT opinions (other than the usual ST ones) till after the election. We need to know the path they have chosen for us (which should not be much different that the one we are on now - can you say Baumgartner?).

Y'all have at it below. Election, markets, Louisiana sinkhole, football, whatever - lots going on and you all have some great stuff to share. It is getting deep folks and I'm pretty sure we don't have much time left before the collapse comes.

Did the jobs number really deserve a 10 point pop? Seriously, we've been discussing the riggedness of this whole employment thing for months if not years, add to that the BLS BS and every other data reporting group and laughable does not even describe the BS that's going on behind the scene. The sad part is we all know it is rigged as hell and markets still celebrate the beat. WTF? Really? We actually stress out over whether a rigged system will deliver a beat, on time, on cue, right in line with where the incumbent needs it the last Friday before the election? File this under No Shit Sherlock. Like I said yesterday, even what is surreal is becoming surreal.

Thursday, November 1, 2012

Can the surreal become surreal? Can you double down on insanity? I mean, once you have crossed the line, that line beyond comprehension, can it be taken even farther? Back in August we entered a period of unprecedented intervention in the markets and everything that surrounds them. This was when that second tier of insanity was entered. I swear the people running the show must think they are in some sort of parallel universe where their experiments have no conceptual ramifications on reality.

What has me miffed today is the ADP "Cancels" 365,000 Private Jobs Created In 2012 news. It was just yesterday we got New ADP Count Slashes Job Creation for September where even CNBS reported, "ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month." What the heck is going on? New calculation? Moody's? Like I said, central planners in a parallel universe out of harms way conducting experiments on the rest of us. This is your new reality. I guess we were not given a choice of which pill to take. Welcome to the matrix.

Thus, commenting on market gyrations here at critical support right before the election and the EOM ramp is pretty futile. I have to assume that markets will enter a wait and see mode around this 1400 level till we find out who wins the sweepstakes in the most powerful man in the world contest (LOL).

Something that has flown under the radar (I guess cause things like running out of money are common events these days), but I have been pointing to all year is US to hit borrowing ceiling at year-end: Treasury. Fiscal cliff? More like a gorge. Things are going to get really ugly soon folks. I have no clue how DC will deal with this one. Maybe another Super Congress? LMAO, that worked well didn't it?

Minis 15m - There is a chance that the minis are setting up another smaller HnS under the possible one that possibly just broke down that targets next support near 1374. Of course both are highly unlikely to play out as HnS formations have been more like launching pads than patterns leading to destruction. Either way, you have to acknowledge the pattern.

Big Blue is holding for now. What was potentially a rising wedge in yellow is now trying to become a rising channel. Bottom line is price is trying to form a base here at the round level. Upper resistance is green at 1418, then channel at 1423 and then 32 of course. Support below big blue is minimal and nothing significant till you reach 1374.

About Shanky

I am a former financial professional that blogs for fun. I enjoy sharing my thoughts with others on my blogs. I hold nothing back and apologize for the foul language in advance, but dire situations require accurate descriptions. Please feel free to contact me with your thoughts or tips at the email address provided. Enjoy!

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You are a complete bonehead if you take and act on any of the advice given on this blog. You need to have your head examined if you solely rely on others telling you what to do and do not do your own homework. This is fun for me and should not be construed as investment advice. If you think it is, DON'T! Enjoy!
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